Editor's PiCK
White House Virtual Asset Advisory Chair: "US May Use Gold to Accumulate Bitcoin"
Summary
- Bo Hines, the White House Virtual Asset Advisory Chair, revealed the possibility of the US using gold reserves to accumulate Bitcoin.
- Chair Hines explained that this approach could increase the country's Bitcoin holdings in a budget-neutral manner.
- According to Senator Cynthia Lummis's bill, the US plans to accumulate 1 million Bitcoins within the next five years.
There is an opinion that the United States could use its gold reserves to accumulate Bitcoin (BTC).
According to Jinshi News on the 24th (local time), Bo Hines, the White House Virtual Asset (Cryptocurrency) Advisory Committee Chair, stated in an interview that "the US can use its gold reserves to purchase more Bitcoin." He further explained that "this method could be a budget-neutral way to increase the country's Bitcoin holdings."
In the interview, Chair Hines reportedly cited the 2025 Bitcoin Act proposed by Senator Cynthia Lummis. The main point of the bill is to have the US accumulate 1 million Bitcoins within five years.
Meanwhile, as of 11:01 AM today, Bitcoin is trading at $85,586, up 1.79% from the previous day according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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